Deregulation

question 57

Multiple Choice

Deregulation

• A)is the implementing or phasing in of new regulations.
• B)is the removing or phasing out of some existing regulations.
• C)is any regulation which pertains to accounting debits.
• D)was a trend in the financial system prior to the 1970s, but the trend of the 1970s and 1980s was toward greater regulation.

---

Definitions:

Macroeconomist

An economist who studies broad economic factors affecting the economy as a whole, such as inflation, unemployment, and national income.

Positive Statement

An objective and fact-based statement that can be tested and validated, focusing on describing how the world is.

Normative Statement

An opinion or judgment that suggests how things should be, rather than stating factual or objective observations.

Government Spending

The total amount of money that the government expends on public services and projects, such as infrastructure and defense.